Monday, December 5, 2022
HomeCrypto NewsMarketBinance Adds Terra Classic USD (USTC) As New Borrowable Asset on Cross...

Binance Adds Terra Classic USD (USTC) As New Borrowable Asset on Cross And Isolated Margin

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Binance support for Terra classic tokens is increasing day by day.


The world’s top exchange is in no mood to leave Terra’s classic community behind or alone. The exchange is taking every step possible to boost Terra Luna classic (LUNC) and terra classic USD (USTC) utility.

In the most recent announcement, the exchange confirms the addition of USTC as a new borrowable asset on Cross Margin and Isolated Margin.

Both Cross Margin and Isolated Margin Pair for USTC are against BUSD.

 

As reported by The Crypto Basic, Binance became the first exchange for adding LUNC burns on all trading fees. Recent calculations from Terra rebels show that the Binance Tax Burn Approach May Result in Burns of More Than 1.2% of the Proposed Rate.

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Ammara
Ammarahttps://thecryptobasic.com/
Ammara Mubin is a cryptocurrency reporter and trader with vast experience in the industry. Mubin has written several news stories related to the crypto industry, including non-fungible tokens (NFTs), decentralized finance (DeFi), fundraising, mining, etc. Her major focus is covering regulatory events that are capable of shaping the entire crypto ecosystem.

Disclaimer: The content is for informational purposes only, may include the author's personal opinion, and does not necessarily reflect the opinion of TheCryptoBasic. All Financial investments, including crypto, carry significant risk, so always do your complete research before investing. Never invest money you cannot afford to lose; the author or the publication does not hold any responsibility for your financial loss or gains.

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